Addressing the media on Thursday, Satyam interim CEO Ram Mynampati said the company has started the process to verify its financials and liquidity position, adding that it “has been reaching out to all regulatory bodies.”
On the composition of a new board after the spate of resignations, he said that the company has started looking for new board members.
Ram Mynampati said that the company is aiming at measures to ensure that business continues as usual after revelations of financial irregularities by Chairman B Ramalinga Raju. He said that the company is reaching out to the top clients who make up the bulk of its revenues. “We are also reaching out to 50,000 employees to protect them,” he added.
Acknowledging the question mark over his role, Mynampati said that he and other board members relied on auditor reports.
“I am even shocked by disclosures and severity of issues,” he said.
Mynampati also said that he has no relations with the promoter family of Satyam.